Which of the Following Statements About Codes of Conduct Is

question 9

Multiple Choice

Which of the following statements about codes of conduct is false?

• A)They are formal statements of what an organization expects of its employees.
• B)They address every ethical issue that an employee may face.
• C)They help employees determine what behaviors are acceptable.
• D)They provide rules and guidelines for employees to follow.
• E)They should be specific enough to be reasonably capable of preventing misconduct.

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Definitions:

Original Voucher

A primary document used as a piece of evidence for a transaction that has occurred, supporting entries in an accounting system.

Net Method

A pricing strategy where the sale price of a good or service includes all discounts and is not subject to additional discounts at the time of payment.

Periodic Inventory System

An inventory management method where stock levels and the cost of goods sold are calculated at set intervals.

Terms 2/10, N/30

Payment terms indicating that a buyer can take a 2% discount if the bill is paid within 10 days, with the net amount due in 30 days.